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Search Results 0 to 28 of about 29 (some duplicates have been removed)
to the equation it's just when wil the congress get it's act together. and our belief is if they don't pass something tomorrow they will early in the new year. >> you have been predicting thsw year. barring anymore drama for the fiscal cliff what is going to drive stocks higher. >> most global economies willhat quarter by 2 2012 and much of 23 will be a recovery year. also in the u.s. we are looking for 2-point 2% growth and expanding in 2014. and in an in an earnings perspee we saw the trough early this year and going into 2013 see a nine and a half percent increase in u.s. earnings for the s & p 500. >> that is encouraging becausetl up when they all come out for the fourth quarter you are expecting them to be up to 3 and a half percent so nine and a half percent is a big jump. i can see why you are optimistic on stocks. let's go over the sectors that you think could go well. you have selected three areas. consumer discretionary stocks and consumer and healthcare. tell us why. >> to continue with the story . we argeneral wehave a three andt discount. in terms of consumer discretionary and
will the congress get it's act together. and our belief is if they don't pass something tomorrow they will early in the new year. >> you have been predicting thea &s & p will be up 10% in the new year. barring anymore drama for the fiscal cliff what is going to drive stocks higher. >> most global economies willhave recorded their weakest quarter by 20 2012 and much of 2013 will be a recovery year. also in the u.s. we are looking for 2-point 2% growth and expanding in 2014. and in ant in an earnings perspective we saw the trough early this year and going into 2013 see a nine and a half percent increase in u.s. earnings for the s & p 500. >> that is encouraging becausethe earning you tally them all up when they all come out for the fourth quarter you are expecting them to be up to 3 and a half percent so nine and a half percent is a big jump. i can see why you are optimistic on stocks. let's go over the sectors that you think could go well. you have selected three areas. consumer discretionary stocks and consumer and healthcare. tell us why. >> to continue with the story ofthe march coat in market
accepts this deal, being put together tonight, congress could claw back up the cliff. >> just hours before midnight deadline, president obama gathered supporters to announce a deal was within site. >> our immediate priority is middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> the vice president and senate republican leader leading negotiations, but phone shall deal is expected to increase estate tax from 35ses today 40%. extend unemployment benefits, and bring back higher clinton era tax rates on households making more than $450,000 a year, that $450,000 fresh hold is a major concession. tom harkin threatened to pull support. >> the deal must be one that favors the middle class and he cautioned rinz against taking a spending cuts only approach. >> if they think that is going to be the formula they've got another thing coming. >> some quickly condemned the comments. >> it's dismissive and insulting. >> that is not the way presidents should lead. >> for republicans in congress who said they'd never raise taxes on anyone, the deal to let the bus
the center that can work together and get along. that's always been a problem in congress. it's only gotten worse in recent years. and as far as productivity, it has to do with divided government. we're not getting along very well because of what i've described. and moving forward, that is the political dynamic. we're going to have the same situation in the new congress that we have in this congress. president obama is still president. the senate is controlled by democrats, the republicans control the house. they have to find a way to work together for the good of the country. >> well, we can only hope so. congressman jason altmire, thank you so much. good luck, sir. happy new year. >> thank you. happy new year. >>> the party to rival all parties last night. in new york city, hundreds of thousands packing new york's times square to watch the crystal ball drop and ring in the start of 2013. and believe me, they had to want to be there. it was cold! ♪ >>> back to the fiscal cliff. all but five republican senators voted to pass the bill put together by senator mcconnell and vice president bi
together and you could really see in his body language that he feels well right now. >> should there be a deal, what needs to happen in both houses of congress for the stopgap effort to go through? >> first, the senate will come together and decide the taxes for the wealthy will go up. now the question is who is wealthy? households to make more than $450,000 per year will see higher taxes. the next obstacle is what is going happen with the additional money? republicans would like to use that money to reduce the debts and democrats would like to spend it. they will find a compromise in the next hour. let's be optimistic. everyone is optimistic that they will finally pass a bill. mr. boehner will then try to find a common ground with democrats in the house and they will have to pass this bill as well. i'm not sure whether they will be able to do that today, so what we might see is that the house will come together tomorrow morning and pass the bill then. >> what happens if there's no deal? to the bills get paid? >> i am somewhat optimistic. if they're not going to find a solution
, political posturing, and the failure of congress to come together to solve problems on a bipartisan basis. we need to move forward. in the early mornings, the senate achieved that. should have been long ago, i understand ag, but we achieve this. i hope we can now approach this in a sober, honest, mature way. i took a look of the specific impact of this morning's vote on my state. 5 million families will be scared a tax increase, almost all of them the working families are described earlier. without an agreement, the average family would have faced an increase in taxes of more than $2,000. half a million families in my state will continue to receive college tuition tax credits, as much as $1,000 of assistance each year, which i am sure is a helping hand. families raising children will continue to benefit from the child tax credit, a yearly savings of about $1,000 on average. nearly a quarter of a million families benefited from the early in pumps -- from the earned income tax credit last year. thousands of illinois children will continue to have access to school readiness programs like hea
, pass it. nothing like bringing in the new year with a good old fiscal cliff get it together congress. henry is on our independent line, henry, good afternoon, this is c-span and you're on. caller: good afternoon. i'm an independent and i wanted to comment that i guess the democrats have to be cause shouse that the republicans don't wake up and take the position they have in a catch 22 position. they can give him everything he asked for and if he's successful in his programs and his plans, we are the republican party and the house gave you ever dollar you asked for, everything worked out fine and turn around to the american public and say it was us, the republicans that did this. if it doesn't work out they can turn around and say, well, we gave you everything you asked for and it didn't work. it time for us to take over. just a word of caution to the democrats. >> connie in south carolina. good afternoon. caller: happy new year. i was calling about that speech actually. the house did pass a bill in august and it seems like the house democrats are talking like, you know, no bill was p
way. my colleagues, let's join together today. let's show the american people that this congress is not broken. that we are not so dysfunctional that we can't at minimum work together, come to agreement, compromise. let's get this done. this is too important for the american people to let this go one more day. please join me in supporting the fiscal cliff bill today. yield back my time. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent toe address the house for one minute -- to address the house for one minute. the speaker pro tempore: without objection, the gentleman from virginia is recognized for one minute. mr. connolly: thank you, mr. speaker. we are about to have a hold your nose vote here in the house of representatives. and many of us are going to wrestle with the problem of making perfect be the enemy of the good. we do have an opportunity to stabilize taxation for 899 -- 99% of all americans. to extend appreciation and investment expansion for small businesses. to make sure
increases and spending cuts. >> congress has about 24 hours to get itself together. that is worthy deadline can happen. if they do not have a deal >> there could be some havoc in place in terms of the market going up and down. i think that they are very close. with a lot of these tax provisions up. the fiscal cliff is about taxes and spending. but the big question is that what is the spending issue. if they do have an impact it should not be an impact on the economy. >> people are really losing faith? >> these people of that nearly two years to get this done. for all of the whining... i do not really think there's much sympathy from the american people. the fact of the matter is that there is not just the fiscal cliff but also there is a pending bill that is being held up by the house of republicans. to make sure that the price of milk does not double puriwith nearly $7-for $eight! and can they still with the spending cuts? right now, we are going to hear that it is just going to kick the can and down the road. everything including the spending cuts will be on the table. >>> the impression
together to make decisions in the best judgment of the people. >> the fact that congress can't do anything is a laughingstock anyway. nobody has any faith in them to begin with. >> reporter: what happens next? >> house republicans are huddled trying to figure out if they would have the votes if they made changes to add spending cuts. they will take a vote tonight on the measure the way the white house and the senate wrote it. more to come. >> as always. kelly o'donnell on capitol hill. our chief white house correspondent and political director chuck todd joins us now. chuck, there are some voices out there saying, good for the house republicans, they're standing on their principles. but a lot of voices are also saying, how much longer is this going to take? >> reporter: it may be a new year but old habits are dying hard with this congress. we're in the last throes of the typical theatrics that have been the norm in washington over the last couple of years. there's going to be a few more shenanigans before the night is over. but they're probably going to end up voting on this bill. if they
an act of congress to raise it. so all of these things are going to come together in two months time and people are already now predicting a fight, if you can believe this, even bigger than the one we've just witnessed over the past several weeks, maura. >> and looking forward to what happens next, you mentioned the house and both speaker boehner and nancy pelosi said they would consider the plan, although nancy pelosi did not go as far as to endorse it. what can we expect in terms of the house as far as how we can receive this? >> i've got to tell you, the veteran congressional watcher, i am fascinated to see what the house is going to do. here's the argument republican leaders made in the senate and are likely to make in the house tomorrow. yes, this is a horrible bill for us. we're asking many of you to vote against fundamental, a very basic tenant of your political belief, your philosophy, and that is never to vote, to raise taxes in any way, shape or form although technically, we should -- >> i just want to cut you off to report the breaking news that the senate has now approved
, together we are going to win on november 6th. >> republicans and congress have found a nominee who promised to rubber stamp this agenda if he gets the chance. we cannot give him that chance. >> what's up gangstas? it's the mi double tizzle. >> i like seeing the lakes. i love the lakes. i like cars. i like being able to fire people. i like grits. strange things are happening to me. i met a guy seven feet tall. i figured he had to be in sport but he wasn't in sports. ♪ for purple mountains majesty above the fruit plain ♪ >> corporations are people, my friend. >> guess what? i made a lot of money. i'm not concerned about the very poor. >> is this a category 5 crisis for the romney campaign? >> it depends whether they turn the campaign around or not. you have three presidential debates. >> what do pew want you want me romney? can't do that to himself. >> i accept your nomination for president of the united states! >> the first presidential debate now just a matter of hours away. i think it will be a great one. >> i like pbs, i call it big bird. i will call it the economy tax. it's
this deal together, i also saw in the hallways tone, the president's liason of congress. he has been here working on all kinds of issues, he has a lot invested in this too. there will be people who most folks will never know their names, the key staffers who work very close well these leader who's have done most of the heavy lifting to get to a deal. mitch mcconnell, up for re-election in his home state in 204 1 4 and has that to consider as he goes forward as you think about the pressure on republicans to raise taxes in this deal. they are going to acknowledge doing that. that can be difficult, as well as will they be able to achieve enough spending cuts. there is a political issue for mitch mcconnell personally as well as trying to lead republicans. the president will have made an achievement here. he did not get the $250,000 threshold, he was able to show he could give on that and bring in additional new taxes which is something he campaigned on for a very long time. as the assessments are done over the next few days, there will be the "winners and losers." much has to be determined he
distinguished master counter. >> thank you very much, madam leader. 112th congress has about 46 hours left to go. this congress unfortunately has been most known for a unwillingness to compromise, an unwillingness to come together to act on behalf of the american people. today is january 1st. taxes will be going up on everybody in america. in america if we don't act. those relying on unemployment insurance, millions relying on unemployment insurance to make sure they can support themselves and their families. if we don't act, we will be at risk. vice president biden has worked very hard to come to a compromise. by definition a compromise has elements in it that each party does not like, but by definition it has things in it each party should like of the the speaker said that if the senate passed a bill he would put it on the floor for a vote. the leader has pointed out we expect that to happen. we think that's in the best interest of the american people. we hope that our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise tha
congress has about 46 hours left to go. this congress unfortunately has been most known for an unwillingness to compromise. an unwillingness to come together to act on behalf of the american people. today is january 1. texas will be going up on everybody in america if we don't act. those who are relying on unemployment insurance to make sure they can support themselves and their families. if we don't act, we will be at risk. vice president joe biden asked to come to a compromise. the definition of compromise has elements in it each party does not like. but by definition, that has things in it each party should like. the speaker said if the senate passed a bill he would put it on the floor for a vote. leader has pointed out we expect that to happen. we think that is the best interest of the american people. we hope our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise that has been reached to determine whether they can support that compromise read i am hopeful this congress wil will as one os last act
in mind. show me a "federalist paper" and the discussions over how the constitution was put together where any of our framers argued that advise and consent is designed so that congress can basically damage the executive branch, judicial branch by refusing to consider nominatio nominations. so that's one big change. well, let's take a look at motions to proceed. motions to proceed, we see back here in 1932, there was filibustered. and then we see in the early 1960's a few. and then we see from about 1970, took off. realize that it was not thought that it was appropriate to filibuster just any debatable motion. the idea was it was an issue of deep principle, that you had to make a final stand on to block a bill from passing, that would be final passage. but now, suddenly, oh, hey, we can paralyze the process by even keeping a bill from getting to the floor. now, what sense does it make to argue that you're facilitating debate by blocking the debate from happening? no, many folks come to the floor and they say, "oh, the filibuster is all about facilitating debate, making sure everybody has t
together enough votes, leaders of both parties get together enough votes to pass this in the house. house democrat -- still operating under the 112th congress, the last congress. the new one won't be sworn in until later this week. republicans have a healthy majority, even if there is significant number of democrats who vote for this, you know, they're going to need many republicans to cross over. and so what they're doing now with the democrats is that joe biden's trying to convince his own members not to break off because there are a lot of liberals who simply don't like this either and say they don't like the idea, for example, of keeping tax cuts in place for americans and households making up $450,000. they think that's simply too high. >> we'll be watching closely. obviously going to come back to you as the developments warrant. a lot is taking place behind the scenes. of course in front of the cameras as well as they play out their own version trying to come up with something to avert the fiscal cliff. the senate did make a decision, came up with a plan but of course the house has
the president just had to say in front of a pep rally. >> he comes out and calls people together and has a group standing behind him, laughs and jokes and ridicules republicans, what is -- why? >> reporter: if a deal finalized, and if passes congress, two big ifs, it would extend tax cuts for all workers under $400,000, prevent a big tax hike on estates under $5 million and extend unemployment benefits set to expire tomorrow for some 2 million people. so, the scramble continues tonight. congressional leaders trying to get to a deal that would pass both the house and the senate sometime over the next 24 hours or so, david. >> jon, stick with us here. i want to show the viewers at home that beautiful red and white crystal ball prepared to come down in times square tonight, blue and green, it changes colors as we look at it. the bottom line is, when that ball drops tonight, every american's taxes going up? >> reporter: that is exactly right. they will go up as of midnight. they are going to try to come back and fix it, but as of midnight tonight, everybody's taxes go up. >> all right, jon karl on t
we may not be out of the woods yet in terms of how this fiscal cliff deal came together and in any event we still haven't seen congress take care of the spending components of what was parts of the fiscal cliff coming up in february. >> so it's possible what's going on right now will keep going. they'll kick it back and keep going and rolling? >> absolutely. we're looking at another situation where the agreement that was reached by the senate even if the house accepts it, kicking the can down the road is the old line which everyone -- no one seems to want but where we always are and where we are once again. >> and there's a frustration level with the people they are supposed to be representing. do you think they are aware of the frustration level the everyday person is dealing with and because this is taking so long? we've been getting e-mails and tweets saying they should have taken care of this already. that type of mentality from people. do you think they get it? >> well, they often haven't frankly in the past. we've seen situations where one of the things that causes congress t
of -- and house republicans have to band together because house democrats are not going to support those spending cuts and it is true. congress had a long time to deal with this, even since the election they had two months, waited until the last second. boehner couldn't pass the so-called plan b bill. he lost a lot of leverage on this. this is very tricky for john boehner and his lieutenant. they have a relatively narrow house majority, polls show that the fiscal cliff blame would be mostly on them, not the president. not on democrats. that might change. but this is a very risky move if we go well into january with this unresolved. >> and you got to wonder if the house republicans are kicking themselves for not passing the plan b, which allowed for tax rates on people making a million or more since the figure that passed was significantly less at 400,000. bob cusack, thank you. we appreciate you being with us. >> thanks, deb. >>> well, developing this hour in alaska, on a shallow and rocky shore line near the uninhabited kodiak island, a huge oil rig has run aground. it has run aground. the coast
they could have put together at the last minute. >> as i mentioned in the intro, you're leaving the congress. you've been there a long time. you sent out an e-mail last week telling supporters you're going to continue to be active and when i saw that, the first thing i asked was whether you're planning on running for office again any time soon? >> well, you know, talk to my wife about that. the answer is that i don't have any immediate plans to run for office. i'll be making some announcements in the next couple days. rather than worrying about myself in the last couple months since i knew that i wouldn't be returning, i'm concerned about the country, so i've been focusing on the job that i have now and when the new congress is sworn in on thursday, then i'll start to focus on what my plans are for the new year. >> congressman kusinich, thanks so much. it's been a real pleasure covering you on capitol hill, your run for president and we wish you all the best. >> thank you, happy new year to you and all your viewers. thank you. >>> it wouldn't be a new year's eve celebration without anderson
be spending our new year together, but it is my pleasure after all these years of friendship and fellowship with you. however, not a whole bunch of americans will be toasting congress at midnight, even if lawmakers do strike a deal to avoid the fiscal cliff. we'll hear from some of them when we come back. stay with us. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> all right, this holiday season, most americans are not feeling all that mu
. ohio's steve la tourette dismissed it as a, quote, package put together by a bunch of sleep-deprived october octogenenarians on new year's eve and the alabama representative said the house needs more time. >> the house must postpone this vote until congress and the american people have time to study and evaluate this extraordinarily complex legislation and its impact on taxes, revenue, the economy our debt and a myriad of other issues. >> woodruff: tennessee democrat steve cohen warned about the consequences of not taking the senate deal. >> my district can't afford to wait a few days and have the stock market go down 300 points tomorrow if we don't ghettoing and do something. >> woodruff: later house democratic leaders emerged from a nearly three-hour meeting with vice president biden who helped broker the senate deal. minority leader nancy pelosi called for action. >> we look forward now as we go forward in this day to see what the timing will be for a straight up-or-down vote on what passed 89-8 last night in the united states senate. >> woodruff: house republicans also m
together. he wanted peace without any territory which, of course, didn't happen. now, just two weeks after clay's speech, the 30th congress convened in washington, and guess who was there? abraham lincoln. abraham lincoln heard clay's speech in lexington because he was visiting the town on his way from springfield to washington, d.c.. he was visiting mary's family in lexington and while he was there, he got to hear henry clay speak. it was a tremendous thing for lincoln. lincoln always idolized clay calling him the ideal politician, and to have the opportunity to actually hear clay speak was a huge thing for him. lincoln, when he was young, carried around a book of clay's speeches and read them to himself. when he was a young man, he was the president of the clay club and asked henry clay to speak in springfield, and he didn't come. this was lincoln's opportunity to meet the politician he respects and admires the most, and he heard clay give a speech against the war: perhaps t nos the surprising when lincoln's in washington, rather than talking about tariffs or economic issues that motivat
crew. i suspect mr. banner will be able to put the deal together. he will not like that he will lose possibly 100 votes and will have to deal with more democratic votes. that will weaken him for the 113th congress. host: on that point, here is the american majority action, the conservative group, who wrote this ahead of the senate vote this morning -- caller: there is a lot of validity in that. the $1 million -- that was a pipe dream. it was a test vote. everybody in washington understands that. the american people do not understand a lot of that. that is unfortunate. thank god for shows like you guys do, and the valley -- and a valuable message and education you provide. that was a general test vote. it was a pipe dream. at the end of the day, mr. boehner and newt gingrich has been very public about this -- sure, it is not a great glorious, right-wing wind, but anybody worth their accounts -- their pounds and if, if you're making over $400,000 in a household, that is a win for republican families and people that make tons of money. i am sympathetic to boehner's position. he will not
together last year. go through this drama two or three months down the road. it's all self-serving and all ridiculous. >> juliet: that's why polls show americans have a horrible opinion of the way congress is. >> they really should have a horrible opinion of the way congress acts. the real fiscal cliff beneath our feet is the $16 trillion in debt that's going to continue to go higher and higher and the lost opportunities. this country is nowhere near living up to its greatness that we possess. nowhere near it. >> steve: let's see. we're just starting a new year. we can be optimistic burks -- but relickicly? >> it could have been worse. >> juliet: thank you, charles. happy new year. >> brian: that could be the cover of anthony robins you -- new book. >> juliet: still ahead, have you made a new year's resolution, chances are you did. father john shows us how faith can help you keep it. >> steve: how about dinner and drinks wednesday night with the girls? forget it. we'll tell you who is pulling the plug on ladies night. oh, oh ♪ fare thee well ♪ farewell ♪ mr. gloom be on your way ♪
Search Results 0 to 28 of about 29 (some duplicates have been removed)